EX-12 3 a10-13095_1ex12.htm EX-12

Exhibit 12

 

OWENS-ILLINOIS GROUP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 (Dollars in millions)

 

 

 

Six months ended June 30,

 

 

 

2010

 

2009

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

$

338.2

 

$

302.0

 

Less:   Equity earnings

 

(26.1

)

(27.7

)

Add:    Total fixed charges deducted from earnings

 

118.8

 

108.9

 

Dividends received from equity investees

 

37.5

 

13.6

 

 

 

 

 

 

 

Earnings available for payment of fixed charges

 

$

468.4

 

$

396.8

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

115.6

 

$

106.0

 

Portion of operating lease rental deemed to be interest

 

3.2

 

2.9

 

 

 

 

 

 

 

Total fixed charges deducted from earnings and fixed charges

 

$

118.8

 

$

108.9

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.9

 

3.6